Friday, September 30, 2011

BONUS FOR RAILWAY EMPLOYEES 2010-2011

Production Linked Bonus for Railway Employees
The Union Cabinet has accepted the proposal of the Ministry of Railways for payment of Productivity Linked Bonus (PLB) equivalent to 78 days' wages for the financial year 2010-2011 for all eligible non-gazetted Railway employees.

The financial implication of payment of 78 days' PLB to railway employees has been estimated to be Rs.1098.58 crore. The wage calculation ceiling prescribed for payment of PLB to the eligible non-gazetted railway employees is Rs.3500/- p.m.

About 12.61 lakh non-gazetted Railway employees are likely to benefit from the decision.

Payment of PLB to eligible railway employees is made each year before the Dusshera/ Puja holidays. The decision of the Cabinet shall be implemented before the holidays for this year as well.

This will be the highest PLB payment ever to be made by Railways. PLB is based on the productivity indices reflecting the performance of the Railways and its payment is expected to motivate the employees for working towards improving the same in future.